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Simple English definitions for legal terms

statutory forced share

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A quick definition of statutory forced share:

A statutory forced share is a legal term that refers to the minimum percentage of a deceased spouse's estate that a surviving spouse or child is entitled to receive, even if they were disinherited in the will. This percentage is set by law and is also known as an elective share. It is usually an estate in fee simple, which means that the survivor has full ownership of the property. However, this share only applies to the property owned by the deceased spouse at the time of their death, and it can be defeated by inter vivos transfer.

A more thorough explanation:

Statutory forced share is a legal term used in wills and estates. It refers to the percentage of a deceased spouse's estate that a surviving spouse or child can choose to receive instead of what is stated in the will or if they are unjustly disinherited. This percentage is set by law and is also known as a forced share or statutory share.

For example, if a husband dies and leaves his entire estate to his children, his wife may be entitled to a statutory forced share of his estate, which could be 30% or more depending on the state's laws. This means that she can choose to receive 30% of the estate instead of what was left to her in the will.

It's important to note that the statutory forced share only applies to property owned by the deceased spouse at the time of their death. If the spouse had transferred ownership of their property before their death, the surviving spouse may not be entitled to a forced share.

Overall, the statutory forced share is a way to protect surviving spouses and children from being completely disinherited by their deceased loved ones.

statutory extortion | statutory foreclosure

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TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
okie doke, thank u!
JumpySubsequentDolphin
14:35
@WorthlessAttractiveZombie: good to know! I thought I missed SMTH bc someone told me they got their admissions packet before the video lol
BulbasaurNoLikeCardio
14:35
I got school that have me under review for over a month... just hope it puts me in their first wave of As
TackyProudYogurt
14:39
Anyone know if asu releases decisions all at once or if they trickle out throughout the day?
WorthlessAttractiveZombie
14:39
I'm pretty sure it's a trickle because they send you a personalized video too
TackyProudYogurt
14:40
Ah okay so I do need to continue refreshing my email every 10 seconds
WorthlessAttractiveZombie
14:40
I would say potentially. I received my email/video around noon eastern time, and I've seen people get it past 5pm eastern
coolgirl
14:40
Does anyone know if pending decision means I’ll get a response soon? My status changed
WorthlessAttractiveZombie
14:41
oooh which school?
TheMidwestMonger
14:42
^^
BulbasaurNoLikeCardio
14:42
@coolgirl: does it say that on the lawhub portal? My one A this cycle it said pending decision on their applicant portal and that they will email me in 24hrs the results.
coolgirl
14:43
FAMU
coolgirl
14:44
I got pending decision a week ago on my portal but haven’t seen any updates since
JumpySubsequentDolphin
14:45
@WorthlessAttractiveZombie: yours was personalized?! mine wasn’t 🙁
BulbasaurNoLikeCardio
14:45
That would kill my soul, see other people in that schools specific chat saying the same thing. Maybe they give a decision by mail?
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